Category: Kai Sedgwick

Credit Card Cartels Landed With $6.2 Billion Price-Fixing Bill By Kai Sedgwick Visa and Mastercard have run up the mother of all credit card bills. The monopolistic payment providers had been embroiled in a long-running lawsuit instigated by merchants protesting their excessive fees. The credit card giants have now conceded defeat and agreed to settle the price-fixing case for a whopping $6.2 billion. Visa and Mastercard Cop to Running a Card Cartel Millions of Visa and Mastercard customers enjoy a love-hate relationship with their credit card provider. While the ability…